Indian ONGC Set to Keep Stake in Russia’s Sakhalin-1 Oil Project

Indian ONGC Set to Keep Stake in Russia’s Sakhalin-1 Oil Project

India’s Oil and Natural Gas Corporation Limited (ONGC) is moving to keep its 20% stake in the Sakhalin-1 oil project in Russia after the Kremlin allowed the Indian state-run company to pay its contribution to the project’s abandonment fund in rubles from the frozen dividends it is due, sources with knowledge of the plans told Reuters on Friday...

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